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DBS Bank

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3.8

based on 1.8k Reviews

Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards

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120 DBS Bank Jobs

Senior Associate, KYC Advisory, Legal, Compliance And Secretariat

5-9 years

₹ 14 - 35L/yr (AmbitionBox estimate)

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This is an estimate of the average salary range for this position. It has not been reviewed by the company, and the actual salary may differ.

Mumbai

1 vacancy

Senior Associate, KYC Advisory, Legal, Compliance And Secretariat

DBS Bank

posted 1mon ago

Job Role Insights

Flexible timing

Job Description

Business Function

Group Legal, Compliance & Secretariat ensures that the banks interests are protected by zealously guarding and enhancing its reputation and capital. We also work to maintain a good standing with all our regulators, customers, and business partners. Because we believe that at the heart of business banking is to uphold the values of trust and integrity for all our stakeholders.

Responsibility

  • We are looking for dynamic personality and a strong communicator with a KYC/ AML/ Compliance or Legal background. Individual required to ensure the Bank and its employees conduct business in accordance with local laws and rules and regulations, including the rules and regulations of the RBI, SEBI, MAS, and other governmental agencies, self-regulatory organizations and internal policies and industry best practices.
  • This role requires working with the Financial Crime team. We focus on driving strategy, implementation, and oversight for the KYC program within the Legal, Compliance and Secretarial team (LCS). We work in collaboration with COO and Business teams to help our Financial Advisors serve their clients in accordance with regulatory framework and requirements.

Please find below the gist of job profile:

  • Review new customer accounts and verify their identities based on regulatory guidelines.
  • Assess the risks associated with customers or products.
  • Study market trends and evaluate customer behavior/ profile to ascertain the relationship to be established with them.
  • Conduct Adverse Media Search as per the requirement for new on-boardings.
  • Conduct periodic review of the Policy and Procedures and update as per the regulatory and procedural changes.
  • KYC Testing Perform checker level qualitative reviews of client files to test execution quality of various customer on-boarding processes.
  • Effective follow-up with internal stakeholders on important KYC actionable
  • Maintain logs of regulatory changes with impact analysis to ensure.
  • Hand on knowledge of customer risk categorization framework and procedures.
  • Provide inputs based on the experience gathered from the previous institutions and bring in best practices.
  • Contribute to ad-hoc KYC-related projects as needed.
  • Completion of Final Due Diligence Checklist and negative news searches
  • Execute account maintenance updates and client lifecycle related reports.

Requirements

Your team
KYC Advisory, Financial Crime Compliance, Compliance Dept.

Your expertise

  • Graduation Degree or Post Graduation degree
  • 7 or more years of KYC advisory, Regulatory Knowledge and Risk Management background is preferred.
  • consulting background in AML is a plus.
  • excellent written and verbal communication skills.
  • ability to interact and work closely with business stakeholders at all levels of seniority.
  • strong understanding of KYC/ AML regulations
  • strong understanding of retail liability and retail asset products and services
  • possess strong analytical thinking and critical reasoning skills.
  • ability to work effectively in a team environment.
  • ability to effectively handle a fast-paced environment and successfully meet established deadline requirements.
  • self-motivated with the ability to work independently.

Apply Now

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements


Employment Type: Full Time, Permanent

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DBS Bank Interview Questions & Tips

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What people at DBS Bank are saying

3.7
 Rating based on 92 Senior Associate reviews

Likes

Dbs culture enables learning and career development . Good for freshers and even experienced people.

  • Salary - Good
    +5 more
Dislikes

Highly location centric and only particular communities people all over the bank and need more diversification.

    Read 92 Senior Associate reviews

    Senior Associate salary at DBS Bank

    reported by 827 employees with 4-15 years exp.
    Lock Unlock
    ₹13 L/yr - ₹38.5 L/yr
    180% more than the average Senior Associate Salary in India
    View more details

    What DBS Bank employees are saying about work life

    based on 1.8k employees
    55%
    51%
    51%
    99%
    Flexible timing
    Monday to Friday
    No travel
    Day Shift
    View more insights

    DBS Bank Benefits

    Health Insurance
    Free Transport
    Job Training
    Work From Home
    Soft Skill Training
    Cafeteria +6 more
    View more benefits

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    DBS Bank Mumbai Office Location

    View all
    Mumbai Office
    Headquarter
    DBS Bank India, Near Bank of India, Opp. Khadi Bhawan, Fort House, 3rd Floor, 221, Dr. D.N. Road, Borabazar Precinct, Church Gate, Fort Mumbai
    Maharashtra 400001

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